South Carolina Statutes
§ 33-41-40 — Rules of construction; applicable rules of law; existing rights are not affected.
(1)The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.
(2)The law of estoppel shall apply under this chapter.
(3)The law of agency shall apply under this chapter.
(4)This chapter shall be so interpreted and construed as to effect its general purpose to make uniform the law of those states which enact substantially identical legislation.
(5)This chapter shall not be construed so as to impair the obligations of any contract existing when the chapter goes into effect, nor to affect any action or proceedings begun or right accrued before this chapter takes effect.
Free access — add to your briefcase to read the full text and ask questions with AI
South Carolina § 33-41-40 (Rules of construction; applicable rules of law; existing rights are not affected.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 52-4; 1952 Code SECTION 52-4; 1950 (46) 1841.
Nearby Sections
15
§ 33-41-10
Short title.§ 33-41-1000
Liability under SECTION 33-41-380 not affected.§ 33-41-1020
Right to wind up partnership affairs.§ 33-41-1090
Accrual of right to an account.§ 33-41-1120
Name.§ 33-41-1130
Liability insurance.§ 33-41-1140
Powers granted to limited liability partnership.